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Hi Guys!
My name is Gaura, but my friends call me Giri. If you’re reading this, you’ve most likely
purchased this guide on how to make money online.
I completely understand how you feel. I’ve gone through months where I was buying every
guide out there on Fiverr Forum, to no avail. I spent a few hundred dollars and ended up making
under $20. So imagine my surprise when I actually found something that works!
This method was devised by me, and is not saturated at all yet. I happened to be browsing
coinbase.com one day, and it just came to me - Bitcoin Arbitrage. In my free time I like to flip cell
phones - Simple arbitrage. Why not do that with BTC?
It’s not easy, and it does require a lot of work and some investment. But one thing is for sure - it
works!
Here’s some background info on Bitcoins. Feel free to read if you’re interested. If not, just skip
to chapter 1.
Bitcoin is a form of digital currency, created and held electronically.
No one controls it. Bitcoins aren’t printed, like dollars or euros –
they’re produced by people, and increasingly businesses, running
computers all around the world, using software that solves
mathematical problems.
It’s the first example of a growing category of money known as
cryptocurrency.
What makes it different from normal currencies?
Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars,
euros, or yen, which are also traded digitally.
However, bitcoin’s most important characteristic, and the thing that makes it different to
conventional money, is that it is decentralized. No single institution controls the bitcoin network.
This puts some people at ease, because it means that a large bank can’t control their money.
Bitcoin is created digitally, by a community of people that anyone can join. Bitcoins are ‘mined’,
using computing power in a distributed network.
This network also processes transactions made with the virtual currency, effectively making
bitcoin its own payment network.
Disclaimer: An investment in Bitcoin could lose money over short or even long periods.
You should expect prices to have large range fluctuations. NO GUARANTEE CAN BE
MADE IF YOU INVEST BASED ON THE INFORMATION PROVIDED ON THIS GUIDE. You
may lost everything, or you may get rich. In addition to this, you alone are solely
responsible for making sure that what you are doing is legal in your jurisdiction. I am
providing this guide for informational purposes only - What you do with it is your
responsibility.
www.wsozoo.com
So let’s get started.
To make this work, you’ll need the following:
• A driving attitude to make this work.
• Between $70-500 that you don’t mind losing if everything fails.
• The ability to hustle and do what’s needed - You cannot just wait for it to happen.
• Access to decent internet.
• A credit card, debit card, or US bank account.
Here are the basic steps to making money on BTC Arbitrage.
1. Buy BTC at a lower price.
2. Sell your BTC at a higher price.
Why would people buy BTC from you at a higher price? Because they cannot or will not buy it
with their Paypal accounts or Credit cards. Very few companies online will sell you BTC in
exchange for either due to the high fees and risk involved.
I’m going to break this guide up into two parts -
Buying the BTC, and Selling it.
www.wsozoo.com
Section 1A. Buying BTC with a US bank account.
1. Go to https://www.coinbase.com.
2. Click on Register and fill up the form with REAL information.
3. Verify your email address.
4. Complete the set up process by setting up your
email, phone, and payment methods.
5. After the verification is complete, you’ll be able to
purchase BTC on Coinbase from your bank
account.
PS - Use this link to join Coinbase and we both get $10
worth of BTC to start with:
https://www.coinbase.com/join/
54dc3b63b4277882a60001cb?src=twitter
www.wsozoo.com
Section 1B. Buying BTC with a Credit Card.
1. Go to https://cubits.com.
2. Fill up the registration form on the home page.
3. Verify your information.
4. Click on buy on the menu bar.
5. Enter the amount your wish to purchase, and select Visa/MC as the payment method.
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Ok, now you have X BTC. What now?
Your BTC is currently stored in your WALLET. Your wallet has a generic address which looks
something like this: 1HYw31e19gRy78DhK6H1mQ593Bk2iLhVSc.
This is your “account number”
Now here comes the fun part.
Section 2A. Selling it on localbitcoins.com.
Benefits when trading on LocalBitcoins.com
• Quick and easy way to trade bitcoins
• Reputation system for finding and filtering trustworthy traders
• Protection for both the seller and buyer: seller can't run with bitcoins after payment, seller can
hold the bitcoins in escrow until the payment is cleared.
• Automated process for the seller.
How selling bitcoins online on LocalBitcoins.com goes:
1. Create a sell bitcoins online advertisement. Choose Paypal for this first trade. Set the terms
of your trade in a free form message. E.g. contact hours, inform you might require a copy of
an id from new buyers.
2. Make sure your LocalBitcoins.com wallet has enough balance to automatically fund the
escrow when someone replies to your advertisement. People can only buy at most the
amount of bitcoins you have in your LocalBitcoins.com wallet.
3. Save and publish the advertisement and see how it looks. On the public advertisement
page you see the listings where your advertisement appears.
4. You will receive email and SMS notifications when someone replies to your
advertisement. The buyer either contact you for further payment instructions or does the
payment directly with the provided details. The bitcoins the user wishes to buy are reserved
for the trade for the duration of the payment window (usually 90 minutes).
5. Use LocalBitcoins.com messaging system in Dashboard to reply to the buyer. Guide the
buyer how to pay and how long it usually takes for the payment to arrive.
6. When the buyer presses Mark payment complete the required amount of bitcoins are
permanently reserved in the escrow. In this point, the deal can no longer be automatically
cancelled.
7. After you confirm the payment has arrived on your account release the bitcoins.
8. Leave feedback on the trade about the buyer and encourage the buyer to do the same.
www.wsozoo.com
Released bitcoins cannot be disputed: if the bitcoins have been released from the escrow the
deal is considered to be finished by LocalBitcoins.com and can no longer be disputed.
Setting up an advertisement
First of all, you should carefully consider what payment methods you are going to provide. A
very good start is to advertise payments with specific bank. People are usually willing to pay
extra, when:
• You can offer quick and convenient payments.
• You can offer support with your local language.
• People feel safe when they see familiar bank name and advertisement with their local
language.
• It is easier to identify the legitimacy of the customer if you live relatively close.
Different payment methods have different risk levels.
• You should adjust the price according to the risk level, as this can yield high profits when done
successfully.
• To set up an advertisement with a specific bank, choose "Transfers with specific bank" from
Payment method listing.
• You need to have at least the advertisement minimum sell limit and 0.4 BTC available in
your LocalBitcoins.com wallet.
• Your advertisement is not visible and available for the users if you do not have enough
balance to fund the advertisement. Because bitcoins are reserved to the escrow protection
when someone replies to your online sale trade advertisement, these bitcoins must be
available online. This is a feature of online sale advertisements and does not concern online
purchase advertisements or local cash trades
Be advised that there is an inherent risk with selling BTC for
Paypal. Make sure you get people to ONLY pay you as a gift.
Chargebacks are a MAJOR risk. The reason you’re making
money this way is because YOU are ASSUMING this risk.
Dynamically price your BTC.
www.wsozoo.com
Decide if you want to accept everyone (WAAAAY more risk) and raise your price - play around
with it and find what works best for you. Also experiment with other payment methods if you can.
In this instance, I’d price myself at $450 a BTC, ask customers for ID, but take everyone -
even people with no previous trades.
At $450, at todays rates, you’re making $120 profit a BTC before fees. 26% profit - much more
than you can reliably get from anything else!
I’m going to let you guys figure out your sweet spot so we’re not all doing the exact same thing.
Best of luck!
If you have any questions, you know where to find me. I’m here to help you succeed.
gauramohana@gmail.com
Kind Regards,
Giri
PS- I’d really appreciate it if you left a review :)
www.wsozoo.com
